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do you think we should build the economy from the middle class out like the president does or the top down like mitt romney does? >> credit ben labolt, thanks for joining us today. >> thanks. >> we say good morning to our tuesday political power panel. leah henderson, ted devine, senior strategist for al gore and john kerry. eugene robinson wrote in "the washington post" the challenges facing mitt romney in this debate, but going specifically saying romney's task is more difficult. for the umpteenth time he has to introduce himself to the american people and erase all the impressions of the mitt romney we met earlier and reveal a coherent person, one voters can imagine as a leader. is this debate more romney against himself? critics paint him displaying this flaccid leadership. >> he has to present himself as a president who would represent all americans. he said that several times. he's practicing that debate line. here again, even when he engages with that comment, it reminds people of that 47% remark. you see him over the last couple of days. i think it was today there is an interv
do you think we should build the economy from the middle class out like the president does or the top down like mitt romney does? >> credit ben labolt, thanks for joining us today. >> thanks. >> we say good morning to our tuesday political power panel. leah henderson, ted devine, senior strategist for al gore and john kerry. eugene robinson wrote in "the washington post" the challenges facing mitt romney in this debate, but going specifically saying romney's task is...
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many say the economy has stalled. we're going to break it down. >>> plus oil companies throw money at mitt romney like there is no tomorrow. but a new study shows their business is actually better with a democrat in the white house. we have the surprising details. >>> two of america's greatest pastimes together. football and victoria secret models. why the nfl blitz by the underwear company might be pure business brilliance. even when they say it's not it is always about money melissa: first let's take a look at the day's market headlines a surprise surge in u.s. manufacturing gave stocks a triple digit boost. that was early on though and it trade faded. the dow closed up 77 points. one possible reason, ben bernanke. the fed chairman defended his money printing ways today but he also said congress must do more to ss ace the recovery. >>> american express will pay more than $112 million. regulators allege that amex misled customers about debt collected, discriminated against certain card applicants and charged improper
many say the economy has stalled. we're going to break it down. >>> plus oil companies throw money at mitt romney like there is no tomorrow. but a new study shows their business is actually better with a democrat in the white house. we have the surprising details. >>> two of america's greatest pastimes together. football and victoria secret models. why the nfl blitz by the underwear company might be pure business brilliance. even when they say it's not it is always about money...
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but they will come at him on the economy. what is the response going to be? >> well look, i think the president -- the response obviously is two fold. let's talk about where we've come from, losing 800,000 jobs a month to 30 plus months of positive private sector job growth, added 5 million jobs, you know, since we hit the bottom and -- but i think what's most important and voters want to hear is what you going to do as president going forward and i think the president will be anxious to talk about bringing manufacturing jobs back from overseas and putting americans back to work, improving our educational system, recruiting and training math and science teachers to get our children prepared for those important jobs. >> those are goals. those are goals and mitt romney has goals. but when are -- >> no, no andrea -- >> specific. >> it is not a goal to end tax breaks for companies that move jobs overseas and incentivize them to come back and create a million jobs in manufacturingp. we've seen the greatest increase in manufacturing jobs in more than 20 years under
but they will come at him on the economy. what is the response going to be? >> well look, i think the president -- the response obviously is two fold. let's talk about where we've come from, losing 800,000 jobs a month to 30 plus months of positive private sector job growth, added 5 million jobs, you know, since we hit the bottom and -- but i think what's most important and voters want to hear is what you going to do as president going forward and i think the president will be anxious to...
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back, keep the economy moving in the right direction. the labor market is clearly improving. frankly, many of us -- i'm sure the president as well would like to see it improving more quickly. but it's unquestionably a recovery, unquestionably moving in the right direction. should it be moving there more quickly? would we like to see that? absolutely. but no question there's positive momentum. >> economists and the cbo have given the projection of roughly 12 million jobs to be added over the next four years. this was the big talking point for mitt romney is he will create these jobs during his presidency. but this is already an established number. that this is coming on the economic path that we're already on. >> effectively, yes. and the private economists and the cb o economists in their budget estimates have put this number out there. and, yeah, the path would allow for that, although we've only recaptured 5 million jobs of the 8 million lost in the recession in the last three or four years. so we don't know what that number is actuall
back, keep the economy moving in the right direction. the labor market is clearly improving. frankly, many of us -- i'm sure the president as well would like to see it improving more quickly. but it's unquestionably a recovery, unquestionably moving in the right direction. should it be moving there more quickly? would we like to see that? absolutely. but no question there's positive momentum. >> economists and the cbo have given the projection of roughly 12 million jobs to be added over...
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times you and i have had strategists as a part of this panel and they say he wants to talk about the economy, not by any stretch of the imagination say what's happening in afghanistan or libya should be diminished but the domestic policy issue, getting people to work, that is supposed to be governor romney's a game. >> but it hasn't played so well particularly in the afternoon math of the 47% comment. i think they sense weakness given what transpired in libya. i heard earlier today, paul ryan talk about how we're pulling out of afghanistan at a time when troops are getting killed. if what he's saying is we should be saying and beefing up our support there, i think that's the wrong conclusions. most americans say let's get the hell out even sooner than we forecast. >> i'm going to ask only steve this question, "the washington post" debate question, who will win the debate, obama or romney? you only give one choice. >> i think if romney is allowed to play offense he will win. >> that is no the -- not a part the answer. they didn't give people to write a description and explanation. obama, or r
times you and i have had strategists as a part of this panel and they say he wants to talk about the economy, not by any stretch of the imagination say what's happening in afghanistan or libya should be diminished but the domestic policy issue, getting people to work, that is supposed to be governor romney's a game. >> but it hasn't played so well particularly in the afternoon math of the 47% comment. i think they sense weakness given what transpired in libya. i heard earlier today, paul...
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i think he needs to take it head on and talk about the economy. the jobs we have not created ore the last four years. take it right to barack obama and try to turn this question into an offensive against barack obama's economy over the last four years. i think that's the best chance he's got. i think he needs to be careful of sometimes with the question everybody nows you're going to get, you kind of practice it and practice it and instead of it being a heartfelt question, it becomes a robotic response. >> maybe you get a little preview of it because the romney campaign released it directly looking into the campaign video. let me play a little clip of that. >> more americans live in poverty than when president obama took office. we should measure our compassion by how many of our fellow americans are able to get good paying jobs. not by how many are on welfare. >> governor rendell, we've kind of gotten this prevau that they plan to emphasize different numbers. numbers about the economy they think will make americans think twice about whether the p
i think he needs to take it head on and talk about the economy. the jobs we have not created ore the last four years. take it right to barack obama and try to turn this question into an offensive against barack obama's economy over the last four years. i think that's the best chance he's got. i think he needs to be careful of sometimes with the question everybody nows you're going to get, you kind of practice it and practice it and instead of it being a heartfelt question, it becomes a robotic...
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he may not know it, but the economy is still lousy. you don't raise taxes now when the economy is lousy. >> to be continued, as always. governor sununu, thank you for joining us. >> thank you, andrea. >>> how will last night's debate impact the undecided vote here in battleground colorado? that next with democratic congressman -- congresswoman diana degette next on "andrea mitchell reports." of what'sot? check out the latest collection of snacks from lean cuisine. creamy spinach artichoke dip, crispy garlic chicken spring rolls. they're this season's must-have accessory. lean cuisine. be culinary chic. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance co
he may not know it, but the economy is still lousy. you don't raise taxes now when the economy is lousy. >> to be continued, as always. governor sununu, thank you for joining us. >> thank you, andrea. >>> how will last night's debate impact the undecided vote here in battleground colorado? that next with democratic congressman -- congresswoman diana degette next on "andrea mitchell reports." of what'sot? check out the latest collection of snacks from lean cuisine....
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if card check goes in place, it will kill america's entrepreneurial economy. the president is bowing to the demands of big labor. >> of all things he's bringing up card check, this red meat for the organization. to your point they're no dummy, but these people don't have to read. we live in a different world than even four years ago, cable news is a strong presence, 24 hour cycle, twitter a stronger presence around. his game plan seems to be behind the curve of what is now modern politics, anne. >> it's funny, i'm old enough to remember a time when candidates went into different places and talk about different issues thinking people wouldn't hear them in different parts of the country. i think he's trying to -- when he's talking about card check, that is a dog whistle to certain members of the republican party. a lot of average voters don't know what that is. it's a union issue. for people who care about the unions and care about the public sector unions we've talked so much about, that's a message he's sending specifically to them. he's trying to walk and che
if card check goes in place, it will kill america's entrepreneurial economy. the president is bowing to the demands of big labor. >> of all things he's bringing up card check, this red meat for the organization. to your point they're no dummy, but these people don't have to read. we live in a different world than even four years ago, cable news is a strong presence, 24 hour cycle, twitter a stronger presence around. his game plan seems to be behind the curve of what is now modern...
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. neil: president coming out swinging, hitting his favorite target, rich fies guys, with a patriotic duty to pay more. so jay, you hear this, and are you offended or what? >> i think it's shameful our president would accuse people who disagree with his tax policy unpatriotic, does that meaner mean erskine bowles and unpatriotic, the president owes everyone a apology. i am a supply side economic guy, i disagree with his policy, i am as patriotic as h he is, i am offended, i have a number of obama supporters that are appalled. neil: you are not enthused with what we said. dan, i thought, i guess he is okay with the 47% who don't pay income taxes, some legitimately ly, i know, that is a staggering figure, but that is okay? >> that is, neil, i assume you are directing it to me. neil: yes, i am. >> f
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. neil: president coming out swinging, hitting his favorite target, rich fies guys, with a patriotic duty to pay more. so jay, you hear this, and are you offended or what? >> i think it's shameful our president would accuse...
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the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ for real. ...that make a real difference. perform, compete and grow. and people are driving this change. that's the power of human resources. the society... for human resource management and its members know... how to harness that power, because we help develop it. from the next economy, to the next generation, we help get... the most out of business, by getting the best out of people. shrm. leading people, leading organizations. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. >>> it was perhaps no bigger story this week at a time when world leaders gathered at the u.n., whe
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ for real. ...that make a real difference. perform, compete and grow. and people...
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i have to because at this rate the economy is not growing. we have a job number tomorrow that will probably be careful, yes, a fed is all in, but if you watch the futures as i do in the middle of the night to my wife's discretion i have to say futures bounce after this debate. >>neil: you are right. we noticed that and we noticed the foreign market reaction. but you know i don't brag but we were the only ones noticing that. do you think the markets, then, by and large the markets tend to favor republicans, not all the time, but, now, since they like bailouts and rescues, i don't know who is who anymore. but if it looks like it is more possible that romney could pull it out, what happens closer to election day? >>guest: the funny thing is, i would take one side of this obama argument which is, to me, as far as the markets go he is a known quantity. he has thrown everything possible that isant business -- that is antibusiness, health care, tax hikes, health care that no one wants, but the market going up. if romney gets in the market continues
i have to because at this rate the economy is not growing. we have a job number tomorrow that will probably be careful, yes, a fed is all in, but if you watch the futures as i do in the middle of the night to my wife's discretion i have to say futures bounce after this debate. >>neil: you are right. we noticed that and we noticed the foreign market reaction. but you know i don't brag but we were the only ones noticing that. do you think the markets, then, by and large the markets tend to...
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if you're unhappy where the economy is, vote out obama. that's the better calculation. we're just finding out that's not enough, but the alternative is worse. >> the alternative is no real alternative because i don't know any republican that toed the far right line in the primaries would have got through the primaries. i looked at some of the positions mitt romney was forced to take. he had to say he would vote no on a 10-1 spending deal. he talked about self-deport addition as an immigration solution. he embraced the paul ryan budget calling it marvelous and medicare vouchers and personhood which is so extreme it failed on the ballot in mississippi, arguably the most pro-life state in the country. one that hurt him in ohio is his embrace of the anti-union ohio sb 5 ballot initiative, which sealed his image early on in ohio. even his call to repeal obama care is not particularly popular. given all that range of positions that he had to take in the primary and add to that being tarred with the brush of people like todd akin, chris co-back, and rush limbaugh and darrell i
if you're unhappy where the economy is, vote out obama. that's the better calculation. we're just finding out that's not enough, but the alternative is worse. >> the alternative is no real alternative because i don't know any republican that toed the far right line in the primaries would have got through the primaries. i looked at some of the positions mitt romney was forced to take. he had to say he would vote no on a 10-1 spending deal. he talked about self-deport addition as an...
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>> the economy will be better, but it's a question of how much better. let's not forget obama promised if he enacted his so-called stimulus, by today, the unemployment rate would be down to 5.5%. so, something's gone wrong. if you look at the minneapolis federal reserve website, there's an interactive feature that allows you to look at all the the business cycles since world war ii. it's the worst gdp performance and jobs perform ann of any president. things are getting better, but at such an anemic rate. >> let's move on. go ahead. jump in. >> you know what the problem was with that promise? they should have never made that. promises get people elected. promises get things passed, so now mitt romney says i'm going to create 12 million jobs over four years. 250,000 jobs a month. a ridiculous claim and what does the obama campaign do because morning in america sounds better than evening in america, the obama campaign says there's that's a low bar. we can do that, too. >> briefly here, you mentioned the idea of a conspiracy theory. this is the white house
>> the economy will be better, but it's a question of how much better. let's not forget obama promised if he enacted his so-called stimulus, by today, the unemployment rate would be down to 5.5%. so, something's gone wrong. if you look at the minneapolis federal reserve website, there's an interactive feature that allows you to look at all the the business cycles since world war ii. it's the worst gdp performance and jobs perform ann of any president. things are getting better, but at...
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we're hurting the economy. unless we change the laws, the regulations that implement them will state. lori: can you tell me or is it fair to suggest that these burdensome costs are actually shaving points of gdp? >> there is no question about that. again, if i told you there have been a $500 billion tax increase will be talking and howard slow gdp growth. we know the debt burden is slowing gdp growth. its other shock that we are crawling along at something under one-and-a-half percent because we have an economy that has to many burdens. large new spending programs, large debt, and now large regulatory burden. lori: the most costly federal agencies of the epa, department of housing and human services. ideas for cuts? baena we are locked in as we are talking about, but going forward . >> you have to go to the epa and ask a very, very serious question. what point have we crossed the line with a green agenda is crushing the jobs agenda. i think that is a place where we ought to start. think hard about has been goin
we're hurting the economy. unless we change the laws, the regulations that implement them will state. lori: can you tell me or is it fair to suggest that these burdensome costs are actually shaving points of gdp? >> there is no question about that. again, if i told you there have been a $500 billion tax increase will be talking and howard slow gdp growth. we know the debt burden is slowing gdp growth. its other shock that we are crawling along at something under one-and-a-half percent...
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it's no day to talk down the economy to score political points. but shadowing the president in virginia, mitt romney waited nine minutes deep into his scintillating stump speech before even mentioning the big news of the day, delivering it like a speech at a funeral. >> there were fewer new jobs created this month than last month, and the unemployment rate, as you know, to this year has come down very, very slowly. of course, even those that have jobs are having tough times. >> okay. but give mr. romney credit because he actually admits the unemployment rate did come down. unlike prominent conservative jack welch who tweeted this morning, unbelievable jobs numbers. these chicago guys will do anything. can't debate, so change numbers. okay. tuesday he was a ruthless race baiter. yesterday he was a feckless delivery boy. today he's don corleone, and there's more where that came from. congressman west, take it away. >> you are alleging specifically that the president is engaging in a cover-up of the data. you are saying that the administration is act
it's no day to talk down the economy to score political points. but shadowing the president in virginia, mitt romney waited nine minutes deep into his scintillating stump speech before even mentioning the big news of the day, delivering it like a speech at a funeral. >> there were fewer new jobs created this month than last month, and the unemployment rate, as you know, to this year has come down very, very slowly. of course, even those that have jobs are having tough times. >>...
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two trillion dollars annually that edges over that creates the american economy known as a mitt romney correctly pointed out last night without regulations you don't have it on hand and i don't want to rule over a soccer game and no one is talking about eliminating the regulatory state but we have to look at the fact that you were on a second ago you ride them not only to get entirely but we can if we cut the regulatory state by twenty percent we can create twelve million jobs into low gear i'll give you our. completely rather than of what we've seen president obama in these past four years he's limited more regulation of small business is than george bush did in eight years what the right that is a job is don't know but it was a lot through regulatory guidelines for these unlimited regulation when i go to a tournament i just said limited regulations but regulatory cost regulatory costs under obama have gone up forty five percent the idea of the regulator who according to the small business administration and they they do what they do with a five year snapshot of the regulatory state a
two trillion dollars annually that edges over that creates the american economy known as a mitt romney correctly pointed out last night without regulations you don't have it on hand and i don't want to rule over a soccer game and no one is talking about eliminating the regulatory state but we have to look at the fact that you were on a second ago you ride them not only to get entirely but we can if we cut the regulatory state by twenty percent we can create twelve million jobs into low gear...
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on the economy. he has been off. his friend has been terrific. >> he has done what he has been trained to do. it says on page 43 of the playbook, this is what you do. he doesn't know what else to do. lou: i have not heard a very good prescription from anyone else to be honest. you have the other side. chilly not functioning. the bottom line is you are in a very, very rare time. >> i can tell you what is going to happen. i just can't tell you when. lou: all right. tell us what is going to happen. >> what is going to happen is, you and i have talked. it the market has got to stop going up. yields are going to rise because if bernanke is right and it works the economy gets better if yields rise. there will be so much money lost in the bond market that people are not going to believe what happens to it, and that is going to force them, force them to go other places. lou: as always to the thank you for being here. thank you very much. up next, the obama administration admits the september 11th attack and libya that result
on the economy. he has been off. his friend has been terrific. >> he has done what he has been trained to do. it says on page 43 of the playbook, this is what you do. he doesn't know what else to do. lou: i have not heard a very good prescription from anyone else to be honest. you have the other side. chilly not functioning. the bottom line is you are in a very, very rare time. >> i can tell you what is going to happen. i just can't tell you when. lou: all right. tell us what is...
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we can either have a dynamic growing economy that produces opportunity or we can have a stagnant economy that fosters dependency. stick with the failed policies of the last four years for the next four years or get a brighter future. stagnation versus growth. dependency versus opportunity and upper mobility. that is the classic choice and clear difference that we are offering and what we hope people get out of this this debate is that choice. >> chris: it is interesting because for the last six months the romney campaign said this is a referendum on barack obama's record and now you are saying it is a choice. >> it is not a change in strategy. a phase of the campaign we now entered into. i think it is important. the president is trying to paper over his problems and has been trying to mislead and distort the record. it is a failed record. we think it was very important to point that out. look at unemployment. look at our poverty rates and the 23 million people struggling for work. now, at this phase of the campaign we think it is critical that people understand it doesn't have to be this
we can either have a dynamic growing economy that produces opportunity or we can have a stagnant economy that fosters dependency. stick with the failed policies of the last four years for the next four years or get a brighter future. stagnation versus growth. dependency versus opportunity and upper mobility. that is the classic choice and clear difference that we are offering and what we hope people get out of this this debate is that choice. >> chris: it is interesting because for the...
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they've tried to hang onto the economy and foreign policy. they don't -- they're not able to hang onto anything except, of course, for this stereotype that he keeps reinforcing as the rich, out of touch guy. i think going into the debate, like that's his biggest hurdle is to not say anything else that really grounds that stereotype and grounds that image that the american people have for him. >> so no mention of the 47%? anna marie cog and jonathan capehart, thank you, both. >>> next, do the math, mr. ryan. please, just do the math. stay with us. >> lowering tax rates by broadening the tax base works, and you can -- >> but i have to -- >> let me -- >> you haven't given me the math. >> well, i don't have the time -- it would take me too lock to go through all of the math. that was me still taking insulin with a vial and syringe. me, explaining what i was doing at breakfast. and me discovering novolog mix 70/30 flexpen. flexpen is pre-filled with your pre-mix insulin. dial the exact dose. inject by pushing a button. no vials, syringes or cooler
they've tried to hang onto the economy and foreign policy. they don't -- they're not able to hang onto anything except, of course, for this stereotype that he keeps reinforcing as the rich, out of touch guy. i think going into the debate, like that's his biggest hurdle is to not say anything else that really grounds that stereotype and grounds that image that the american people have for him. >> so no mention of the 47%? anna marie cog and jonathan capehart, thank you, both. >>>...
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the heart of romney's argument against obama is obama hasn't helped the economy. ohio is a state it is doing better than the national of a range the auto bailout has a practical effect on people's lives, know people working in auto plant, suppliers of auto plant and the natural gas boom, a little beneath the radar has helped the unemployment rate in ohio. that is has resulted in obama dog better nationally better than nationalism people talking about the possibility romney could pull out of ohio and still win. i think that's very difficult to envision. if romney loses ohio, in particular if ohio is long gone, obama is going to win you can the votes aren't there else where to make up for the loss of those 18 electoral votes. >> nate, i want to talk about you, talk about you for a second? >> if you really want. >> you are the political blogging star of 2012. you are the hot new guy that all the smart kids want to read and talk about and listen to. how does that feel to be the cool new guy on the block? >> you know, i don't think i'm that cool, actually. for one, i'm
the heart of romney's argument against obama is obama hasn't helped the economy. ohio is a state it is doing better than the national of a range the auto bailout has a practical effect on people's lives, know people working in auto plant, suppliers of auto plant and the natural gas boom, a little beneath the radar has helped the unemployment rate in ohio. that is has resulted in obama dog better nationally better than nationalism people talking about the possibility romney could pull out of...
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i mean, the economy is limping along nationally. we got 23 million people struggling to find work. 15% of americans today are living in poverty. president obama came in with one party rule, and was able to pass nearly every item on his agenda. what we ♪ you do ♪ something to me ♪ that nobody else could do i knew it'd be tough on our retirement savings, especially in this economy. but with three kids, being home more really helped. man: so we went to fidelity. we talked about where we were and what we could do. we changed our plan and did something about our economy. now we know where to go for help if things change again. call or come in today to take control of your personal economy. get free one-on-one help from america's retirement leader. oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you
i mean, the economy is limping along nationally. we got 23 million people struggling to find work. 15% of americans today are living in poverty. president obama came in with one party rule, and was able to pass nearly every item on his agenda. what we ♪ you do ♪ something to me ♪ that nobody else could do i knew it'd be tough on our retirement savings, especially in this economy. but with three kids, being home more really helped. man: so we went to fidelity. we talked about where we were...
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Oct 2, 2012
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the segments will include three on the economy, one on health care, one on governing, one on the role of government, and here is how it's going to work. moderator jim lehrer will start each segment off by asking a question. he will give each candidate two minutes to answer the question, and then they'll use the remainder of the time to have a discussion about the topic at hand. so that's how it's going to work. of course, both of these candidates putting the final touches on their debate preparations. they're being incredibly tight-lipped, which, of course, is frustrating to those of us in the media about how exactly these debate preparations are going but both ann romney and first lady michelle obama will be there tomorrow night in denver. one more interesting note, martin, it is the first couple's 20th anniversary tomorrow night. they will be together, they will be together in denver, and they will have a proper celebration this weekend. >> wow. celebrating and working at the same time. nbc's kristin welker. thanks so much. we'll be right back. [ male announcer ] eligible for medica
the segments will include three on the economy, one on health care, one on governing, one on the role of government, and here is how it's going to work. moderator jim lehrer will start each segment off by asking a question. he will give each candidate two minutes to answer the question, and then they'll use the remainder of the time to have a discussion about the topic at hand. so that's how it's going to work. of course, both of these candidates putting the final touches on their debate...
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melted down two thousand is in-style bring all businesses are bigger now but the economy has grown. frank didn't solve any of the problems is systemic problems we had wall street it didn't do anything to go it that so so would you suggest that we break up the big banks no way i think we should repeal dodd frank. you don't like god frank is it doesn't break up the big banks when they wouldn't want to is that got me an annoyed me about this debate last night is that jim lehrer's question was about the regulatory state and all of us on the president turns it to to an issue of dodd frank and the fact is that we cannot as a society ignore the fact that we have a regulatory state that cost the american economy two trillion dollars annually and sort of is over that creates the american economy no going to has a mitt romney correctly pointed out last night without regulations you don't have to go on and on and i don't want to rule over a soccer game but no one is talk. about eliminating the regulatory state but we have to look at the fact that you were on a second ago you were i don't know
melted down two thousand is in-style bring all businesses are bigger now but the economy has grown. frank didn't solve any of the problems is systemic problems we had wall street it didn't do anything to go it that so so would you suggest that we break up the big banks no way i think we should repeal dodd frank. you don't like god frank is it doesn't break up the big banks when they wouldn't want to is that got me an annoyed me about this debate last night is that jim lehrer's question was...
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every free economy has good regulations. at the same time, regulation could become excessive. >> is it excessive now? >> in some places, yes. in some places, no, it can become out of date. in some legislation passed during the president's term, have you seen regulation become excessive and it's hurt the economy. let me give you an example. dodd-frank was passed and it includes within it a number of provisions that, i think, has some unintenned itted consequences that are harmful to the economy. one is banks are too big to fail. that is the biggest kiss to new york banks i have ever seen. 122 community and small banks have closed since dodd-frank. there is one example. here's another. >> you want to repeal dodd-frank? >> repeal and replace it. we're not getting rid of all regulation. you have to have regulation. there are some parts of dodd-frank that make all the sense in the world. you need transparency, you need to have leverage limits for institutions. >> here is the specific -- >> excuse me. >> let's talk about the big o
every free economy has good regulations. at the same time, regulation could become excessive. >> is it excessive now? >> in some places, yes. in some places, no, it can become out of date. in some legislation passed during the president's term, have you seen regulation become excessive and it's hurt the economy. let me give you an example. dodd-frank was passed and it includes within it a number of provisions that, i think, has some unintenned itted consequences that are harmful to...
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in the economy. i never met the poorest performer, either. it is about presenting -- the poorest farmer, either. let me talk about mistakes. i have made mistakes. before i got elected, i said my daughters are available on national tv. that was a pretty big mistake. i am still paying for that one. the difference between i make a mistake, i corrected. i immediately corrected. professor warren, when she made a mistake and misled the voters of massachusetts, it is not that she did not hear the question. this went on for five weeks of the media asking her specifically how they came to know that she was a native american. >> he always ask you professor warren. you think he is trying to cast you as an elitist professor in the eyes of the voters? does that bother you? >> it does not bother me. i worked very hard for this and it does not bother me. >> the boston globe reported she is proud of being a professor. whenever i see my professors from school, i say hello professor so-and-so. she has earned the title
in the economy. i never met the poorest performer, either. it is about presenting -- the poorest farmer, either. let me talk about mistakes. i have made mistakes. before i got elected, i said my daughters are available on national tv. that was a pretty big mistake. i am still paying for that one. the difference between i make a mistake, i corrected. i immediately corrected. professor warren, when she made a mistake and misled the voters of massachusetts, it is not that she did not hear the...
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as somebody who projects an air of authority, especially when he talks about the economy. that is the private sector track record. the flip side, the weakness is the 47%. some of the attacks he's taken in terms of that business record. i think mitt romney's biggest problem though, chris, is the sense people can't be sure exactly if he believes what he's saying. he needs to project authentic passion for what he believes his plan would do for the american economy to make the 47% lives better as well as the other 53. >> what do you think, e.j.? >> i thought the definitive line on politics, what you need is sincerity, if you can fake that, you can do anything. it's troublesome on this question of authenticate. what is authenticity? romney has taken a number of positions on issues which you will be sure obama will try to sneak in there somehow. he can be ferocious and disciplined. go back to that newt gingrich debate in florida where he dispatched newt gingrich. he can be very good. i think he can have real highs, but also can have lows and say the darnedest things sometimes. >
as somebody who projects an air of authority, especially when he talks about the economy. that is the private sector track record. the flip side, the weakness is the 47%. some of the attacks he's taken in terms of that business record. i think mitt romney's biggest problem though, chris, is the sense people can't be sure exactly if he believes what he's saying. he needs to project authentic passion for what he believes his plan would do for the american economy to make the 47% lives better as...
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than the rest by this softer economy. and so i would do what governor romney has been doing and that is continue to address the base issues. this is an election that has to look at how well we have done over the last four years. president obama was elected with this hope and this vision for change. and we have seen change actually for the worst. i think it is very fair to look at his record and say here is what he said four years ago and here is what he hasn't accomplished. so obviously a lot of tonight is going to be about president obama's record, just since four years ago president obama was looking back at the record of those he wanted to replace. >>ormer republican governor out here. thanks for coming on this. >>> the monthly private payrolls report is out today. markets are just opening. let's get to the market run down. becky quick is here on the other side of the camera. >> i like this. >> private payroll, adp. mid 100s. does it tell us anything? >> 162 is better than the street has been expecting. adp does payrol
than the rest by this softer economy. and so i would do what governor romney has been doing and that is continue to address the base issues. this is an election that has to look at how well we have done over the last four years. president obama was elected with this hope and this vision for change. and we have seen change actually for the worst. i think it is very fair to look at his record and say here is what he said four years ago and here is what he hasn't accomplished. so obviously a lot...
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what they should have been doing all along is running against president obama's record on the economy. that's what they should have down. the latest "washington post" poll shows for the first time, mitt romney is slightly better regarded on the question of who will do better leading the economy over the next four years than the president? that's through no good offices of mitt romney on his own. that's in spite of what mitt romney has done. >> howard, we have heard so much about the disgruntled folks within the romney/ryan camp. the way it's unfolding in the polls is not good. there's a report that says that romney is beginning to lose donors who were shifting their money to house and senate races. what's going on here? is this starting to take it its toll on the campaign? >> yes. in many ways what mitt romney's challenge is on wednesday night is to stop the bleeding within his own party and within his own camp. absolutely. behind the scenes, republicans are very worried. some are saying so publically. if mitt romney doesn't reassure them within the first half hour of the debate, they
what they should have been doing all along is running against president obama's record on the economy. that's what they should have down. the latest "washington post" poll shows for the first time, mitt romney is slightly better regarded on the question of who will do better leading the economy over the next four years than the president? that's through no good offices of mitt romney on his own. that's in spite of what mitt romney has done. >> howard, we have heard so much about...